St. John's Foundation
As your Foundation President I would like to take this opportunity to thank all of you for recognizing the important role the Foundation is serving as it aids and assists in the mission of St. John’s Lutheran Church.
Jack Hilmes
St. John’s Lutheran Foundation, Inc. has been granted tax exempt status as a non-profit charitable foundation in accordance with IRC Section 501(c)(3) and 509(a)(2)
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Ways of Giving to the Foundation
Cash Gifts
Immediate benefit to the Foundation
Charitable tax deduction, which reduces net cost of gift
Simple
Specific Bequest by Will
Current use of funds
Charitable Deduction on Federal Estate Tax Return
Gifts of Appreciated Securities (Stocks, Bonds, etc.)
Immediate benefit to the Foundation
Additional tax savings compared to cash gifts
Current market value is used to determine cash value
No capital gains tax
Gifts of Life Insurance
Policy affords premiums with eventual large pay-off
Annual premiums are tax deductible
Provide a guaranteed contribution not subject to fluctuations
Existing paid-up policies can be re-designated to Foundation
Charitable Remainder Trust
You retain the income from assets during your lifetime
Removes assets from your taxable estate
Trustee handles investment and pays income to you
Your gift gives on…all monies contributed to the St. John’s Lutheran Foundation are invested. Your contribution is never touched. From the first day it is invested it earns year after year. The income generated by the Fund is used to aid and assist the church.
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Foundation Board of Directors
John Lorentzen
Jim Swanstrom